An Incisive, In-depth Analysis on the Endoscopic Ultrasound Needles Market
This study offers a comprehensive, 360 degree analysis on the Endoscopic Ultrasound Needles market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Endoscopic Ultrasound Needles market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
High Prevalence of Gastrointestinal Tract Related Cancers to Propel Demand for Endoscopic Ultrasound Needles
Endoscopic ultrasound-guided fine-needle aspiration (EUS-FNA) is widely used to diagnose both tumor and inflammatory lesions located in and adjacent to gastrointestinal tract. Endoscopic ultrasound needles have become an integral part of diagnosis. According to the World Cancer Research Fund, stomach cancer also known as gastric cancer is the fifth most common cancer globally. In 2018, there were more than 1 million new stomach cancer cases worldwide. Moreover, with rise in generic population, the rate of stomach cancer is also rising as it is most common among older adults above 50 years of age.
Rise in the stomach cancer cases is driving the demand in the endoscopic ultrasound needles market including fine needle aspiration as the leading method to diagnose gastrointestinal cancer.
Technological Advancements in Endoscopic Ultrasound Needles Market to Accelerate Growth
Physicians are focusing on using high-definition endoscopic ultrasound needle technology and endoscopic ultrasound biopsy needles using better technology to get more accurate images of gastrointestinal tract as compared to ultrasound and offer minimally invasive access to the areas that are difficult to reach. Manufacturers in the endoscopic ultrasound needles market are focusing on providing fine needle biopsy (FNB) technology to provide information on tissue architecture and a large amount of tissue for other ancillary testing.
Recently FNB devices have become commercially available and studies have also shown FNB needle to be more appropriate with greater accuracy than FNA needle. This is likely to drive demand for FNB needles in the endoscopic ultrasound needles market.
Rising Preference for Minimally Invasive Surgeries to Boost Growth in Endoscopic Ultrasound Needles Market
Owing to advanced robotic devices, healthcare providers are able to perform minimally invasive and safe surgical procedures. Endoscopic surgery is gaining traction as it uses advanced technology to reach internal organs with help of small incision resulting in less pain, and quick recovery as compared to the traditional methods of surgery. These factors are likely to drive the demand for endoscopic ultrasound needles in minimally invasive procedures.
With rise in digestive and lung diseases, the endoscopic ultrasound is finding wide application as it is minimally invasive procedure. Moreover, endoscopic ultrasound needles including FNA has emerged as minimally invasive alternative to the exploratory surgery.
Endoscopic Ultrasound Needles Market- Asia Pacific to Expand at Rapid Phase, China and India to Offer Growth Opportunities
Asia Pacific is expected to emerge as the lucrative region in the endoscopic ultrasound needles market, offering profit-making opportunities for key stakeholders in the endoscopic ultrasound needles market. Increasing incidences of cancer and other chronic diseases in the region is key factor fueling the growth of the endoscopic ultrasound needles market in Asia Pacific. Rising awareness about healthcare and increasing healthcare expenditure are likely to propel growth in endoscopic ultrasound needles market in the region.
Pharmaceutical and Biotechnology companies are also focusing on establishing new production facilities in India and China due to the low cost of manufacturing in countries. Moreover, rise in the investment by governments across countries in the healthcare sector in Asia Pacific is also accelerating endoscopic ultrasound needles market growth.
Endoscopic Ultrasound Needles Market- Competitive Analysis
The report provides detailed profiles of the leading players in the endoscopic ultrasound needles market. Key developments and business strategies by players to remain competitive in the market are also provided in the report. Some of the key players in the endoscopic ultrasound needles market are Medtronic, Medi-globe, ACE Medical Devices Pvt. Ltd, Olympus Corporation, Cook Medical, Boston Scientific Corporation, and CONMED Corporation.
The leading players in endoscopic ultrasound needles market are investing in advanced technologies and research and development activities for new product launches. Geographical expansion by collaborating with the regional players is also key focus area of manufacturers in the endoscopic ultrasound needles market.
Endoscopic Ultrasound Needles Market-Forecast Analysis and In-Depth Opportunities Assessment
The report on the endoscopic ultrasound needles market provides in-depth analysis along with key insights on the market for the forecast period 2017-2025. The report on the endoscopic ultrasound needles market focuses on the growth opportunities in the market during the forecast period for the readers to take into account. The report on endoscopic ultrasound needles market also includes segment-wise analysis, wherein, all the segments in the endoscopic ultrasound needles market have presented and analysed on the basis of their attractiveness in the endoscopic ultrasound needles market.
The endoscopic ultrasound needles market is segmented on the basis of product type, end-user, application, and region. On the basis of product type, the endoscopic ultrasound needles market is segmented into Fine aspiration needles (EUS-FNA) and Fine biopsy needles (EUS-FNB). In terms of the end-user, the endoscopic ultrasound needles market segment includes ambulatory surgical centres, specialty clinics, and hospitals.
Based on the application, the endoscopic ultrasound needles market is segmented into enteral EUS needles and bronchial EUS needles. Region-wise, the endoscopic ultrasound needles market is segmented into Europe, North America, Asia Pacific, the Middle East and Africa, Japan, and Latin America. The regions are further segmented into countries with details on the performance of the endoscopic ultrasound needles market in key countries in the aforementioned regions.
The extensive research methodology was adopted for the endoscopic ultrasound needles market report. The research on the endoscopic ultrasound needles market included both primary and secondary research. Established journals, annual reports of the companies, and exclusive interviews with the industry experts were used as the part of research to provide valid information and data on the endoscopic ultrasound needles market. The actionable and valuable insights collected on the endoscopic ultrasound needles market are important for analysing growth in the endoscopic ultrasound needles market. With in-person interviews and discussion with the market experts, primary research forms an important part of the research on the endoscopic ultrasound needles market.
The report on the endoscopic ultrasound needles market includes information on the market along with the data in form of value, volume, year-on-year growth, and CAGR. The report also focuses on the qualitative and quantitative analysis along with the micro and macro-economic trends, playing important role in the growth of the endoscopic ultrasound needles market.
The report on the endoscopic ultrasound needles market includes executive summary, market overview to offer better understanding of the endoscopic ultrasound needles market. The report also includes market dynamics including drivers, challenges, trends, and opportunities in the endoscopic ultrasound needles market, playing an important role in shaping the growth of the endoscopic ultrasound needles market. The report also provides details on the incremental opportunities, SWOT analysis, Porters Five force analysis which sheds light on the competitive landscape in the endoscopic ultrasound needles market.
The report provides details on the leading players in the endoscopic ultrasound needles market along with the dashboard view of the companies. Details on the key players operating in the endoscopic ultrasound needles market include the product portfolio, new developments, company overview, financial overview, and business strategies by the players in the endoscopic ultrasound needles market. The report also provides details on the expansion of the companies, along with the details on the key focus areas of each player in the endoscopic ultrasound needles market. The report also focuses on the key players based on the regions including Asia Pacific, North America, Japan, Latin America, Europe, and the Middle East and Africa. FMI has also included market size, product type, and application of the endoscopic ultrasound needles in terms of both regional as well as the global markets.